Bank Julius Baer & Co. Ltd Zurich Reduces Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 33.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,674 shares of the medical instruments supplier's stock after selling 4,396 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Mettler-Toledo International were worth $10,332,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International in the 4th quarter worth about $44,000. Golden State Wealth Management LLC increased its position in shares of Mettler-Toledo International by 583.3% during the 1st quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after purchasing an additional 35 shares during the last quarter. Menard Financial Group LLC purchased a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $67,000. Blue Trust Inc. increased its position in shares of Mettler-Toledo International by 520.0% during the 1st quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after purchasing an additional 52 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Mettler-Toledo International by 39.1% during the 1st quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock valued at $103,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Insider Buying and Selling at Mettler-Toledo International

In related news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the sale, the director owned 120 shares of the company's stock, valued at $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.94% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on MTD. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a research note on Monday, April 7th. Wells Fargo & Company upped their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Wall Street Zen downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Evercore ISI increased their target price on Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $1,280.90.

Mettler-Toledo International Trading Up 0.5%

Shares of Mettler-Toledo International stock traded up $6.76 during trading on Friday, hitting $1,267.51. 95,328 shares of the stock traded hands, compared to its average volume of 174,819. The firm has a market cap of $26.34 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 3.86 and a beta of 1.37. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93. The stock's fifty day simple moving average is $1,181.58 and its 200 day simple moving average is $1,193.94.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The company had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same quarter in the previous year, the firm earned $8.89 earnings per share. The firm's quarterly revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.